Raytheon wins $217 million Navy contract
June 8, 2009 11:33 AM
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Waltham defense contractor Raytheon Co. said it was awarded a $217 million contract by the US Navy for radar technology.
Raytheon will provide long-lead materials for the Volume Search Radar arrays for the Zumwalt-class destroyer program as well as make the radar system for the USS Gerald R. Ford.
The work will be done at a Raytheon plant in Sudbury and at Lockheed Martin in Moorestown, N.J.
Raytheon shares fell 81 cents to $45.41 in late morning trading. (AP)
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